We've had financial bubbles before. This one's got a twist though. It's fraught with complexity, scope, depth, widespread fraud and bad underwriting practices making coming out of it, all the more difficult.

Wisconsin continues to spin out of control and a constitutional crisis looms as a judge this week again ordered Walker's administration to halt implementation of his bill stripping Wisconsin public workers of collective bargaining rights.

The financial crisis occurred under a Republican administration that let the financial industry write its own rules. A narrative of the financial crisis that absolves Republicans and the financial industry requires an acrobatic and brazen imagination.